Over the next three years, the supplier of wind turbines should see 7% average annual growth in gigawatts of capacity to be delivered. Given the geopolitical situation and elevated prices for carbon-based fuels, the offshore win market should benefit further. Normalization of input material prices (mainly steel and carbon) should help boost operating profits starting later this year and 2024.
Vestas Wind Systems A/S
12/01/2023
